Can I retire at age 50 with 1,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$123,869$122,765$121,689$120,638$119,612$115,923
2 years$61,321$60,179$59,072$57,999$56,958$53,273
3 years$40,475$39,328$38,224$37,161$36,137$32,572
4 years$30,053$28,910$27,817$26,772$25,773$22,356
5 years$23,802$22,666$21,587$20,564$19,592$16,332
6 years$19,636$18,508$17,446$16,445$15,503$12,402
7 years$16,662$15,543$14,497$13,520$12,608$9,666
8 years$14,432$13,323$12,295$11,342$10,459$7,675
9 years$12,698$11,600$10,590$9,661$8,808$6,179
10 years$11,312$10,225$9,232$8,328$7,505$5,026
11 years$10,179$9,103$8,128$7,247$6,455$4,122
12 years$9,236$8,170$7,213$6,357$5,593$3,402
13 years$8,438$7,384$6,445$5,612$4,878$2,823
14 years$7,754$6,711$5,791$4,982$4,276$2,352
15 years$7,163$6,131$5,228$4,443$3,765$1,966
16 years$6,646$5,625$4,740$3,978$3,327$1,648
17 years$6,190$5,181$4,313$3,574$2,950$1,384
18 years$5,785$4,787$3,937$3,221$2,623$1,165
19 years$5,423$4,437$3,605$2,911$2,338$983
20 years$5,098$4,123$3,308$2,636$2,088$830
21 years$4,804$3,840$3,043$2,393$1,869$701
22 years$4,537$3,585$2,804$2,175$1,675$593
23 years$4,294$3,353$2,589$1,981$1,504$502
24 years$4,072$3,141$2,395$1,807$1,352$425
25 years$3,867$2,948$2,218$1,650$1,216$361
26 years$3,679$2,770$2,057$1,509$1,096$306
27 years$3,505$2,607$1,910$1,381$988$260
28 years$3,343$2,457$1,776$1,265$891$220
29 years$3,193$2,318$1,652$1,160$805$187
30 years$3,053$2,189$1,539$1,065$727$159
31 years$2,923$2,069$1,435$978$657$135
32 years$2,801$1,958$1,339$899$595$115
33 years$2,686$1,854$1,250$827$538$97
34 years$2,579$1,757$1,168$761$487$83
35 years$2,478$1,667$1,092$700$441$70
36 years$2,382$1,582$1,022$645$400$60
37 years$2,292$1,503$956$594$362$51
38 years$2,207$1,428$895$548$329$43
39 years$2,127$1,358$839$505$298$37
40 years$2,051$1,292$786$466$270$31
41 years$1,978$1,230$737$430$245$27
42 years$1,910$1,171$692$397$222$23
43 years$1,844$1,116$649$366$202$19
44 years$1,782$1,064$609$338$183$16
45 years$1,723$1,014$572$312$166$14
46 years$1,666$968$537$288$151$12
47 years$1,613$923$505$266$137$10
48 years$1,561$882$474$246$125$9
49 years$1,512$842$446$227$113$7
50 years$1,465$804$419$210$103$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,500,000, adding $5,561 every year, while hoping to spend $23,010 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 41/46/13 Blend
49$1,500,000$1,500,000$1,500,000$1,500,000
50$1,658,736$1,579,236$1,555,986$1,720,155
51$1,803,445$1,632,136$1,583,629$1,816,854
52$1,962,143$1,686,857$1,611,427$1,918,750
53$2,136,232$1,743,464$1,639,361$2,028,530
54$2,327,258$1,802,024$1,667,410$2,146,922
55$2,536,922$1,862,607$1,695,552$2,274,725
56$2,767,099$1,925,286$1,723,764$2,412,819
57$3,019,853$1,990,135$1,752,020$2,562,169
58$3,297,460$2,057,233$1,780,294$2,723,837
59$3,602,424$2,126,661$1,808,557$2,898,991
60$3,937,506$2,198,502$1,836,779$3,088,913
61$4,305,747$2,272,844$1,864,926$3,295,017
62$4,710,497$2,349,777$1,892,965$3,518,854
63$5,155,446$2,429,395$1,920,858$3,762,132
64$5,644,662$2,511,795$1,948,567$4,026,730
65$6,182,623$2,597,079$1,976,050$4,314,717
66$6,774,266$2,685,351$2,003,263$4,628,366
67$7,425,029$2,776,721$2,030,159$4,970,181
68$8,140,902$2,871,301$2,056,690$5,342,917
69$8,928,488$2,969,209$2,082,803$5,749,607
70$9,795,060$3,070,566$2,108,444$6,193,588
71$10,748,632$3,175,500$2,133,553$6,678,535
72$11,798,035$3,284,142$2,158,069$7,208,492
73$12,952,997$3,396,627$2,181,927$7,787,913
74$14,224,240$3,513,099$2,205,058$8,421,701
75$15,623,576$3,633,704$2,227,391$9,115,254
76$17,164,021$3,758,596$2,248,849$9,874,518
77$18,859,916$3,887,932$2,269,350$10,706,037
78$20,727,066$4,021,879$2,288,812$11,617,020
79$22,782,883$4,160,608$2,307,143$12,615,407
80$25,046,555$4,304,296$2,324,251$13,709,940
81$27,539,227$4,453,129$2,340,036$14,910,248
82$30,284,195$4,607,300$2,354,395$16,226,936
83$33,307,134$4,767,008$2,367,218$17,671,687
84$36,636,331$4,932,461$2,378,389$19,257,367
85$40,302,961$5,103,875$2,387,789$20,998,148
86$44,341,373$5,281,475$2,395,290$22,909,642
87$48,789,419$5,465,494$2,400,758$25,009,047
88$53,688,811$5,656,175$2,404,055$27,315,306
89$59,085,511$5,853,769$2,405,033$29,849,288
90$65,030,169$6,058,539$2,403,537$32,633,985
91$71,578,597$6,270,758$2,399,406$35,694,722
92$78,792,298$6,490,709$2,392,470$39,059,403
93$86,739,046$6,718,687$2,382,551$42,758,768
94$95,493,525$6,955,000$2,369,463$46,826,683
95$105,138,034$7,199,965$2,353,010$51,300,461
96$115,763,265$7,453,914$2,332,987$56,221,211
97$127,469,156$7,717,194$2,309,180$61,634,225
98$140,365,836$7,990,162$2,281,364$67,589,404
99$154,574,664$8,273,193$2,249,302$74,141,731
100$170,229,375$8,566,675$2,212,749$81,351,783